Sangl Home Pay-Off Spectacular – May 2012

Every month there will be an update of Joe & Jenn’s Home Pay-Off Spectacular!

Here’s this month’s update!

Total Squares: 2,426

Paid-For Squares: 1130 1150

Squares Remaining: 1296 1276

% of House Owned By The Sangl’s: 46.6% 47.4%

% of House Owned By Wells Fargo: 53.4% 52.6%

Here is the updated Sangl Home Pay-Off Spectacular (click to view large size)

We were able to color in another 20 squares this month! That FIRES US UP!!! Within the next three months we will “officially” own over 50-percent of the house. That is an amazing day! Even so, the interest component of our regular house payment still accounts for 60-percent of the overall payment! Think about that for a minute – do YOU know how much of your payment is just going to pay the bank interest? If you’ve just started out on a 30-year mortgage, chances are that it is 95-percent or more of your overall payment. Just one more reason my bride and I are so hyper-focused on eliminating this note!